The average sale price for the month was $735,021, up 0.7% compared to December 2016.

Here’s a breakdown of the average sale prices & year-over-year increases/decreases for the 416 area code:

Detached = $1,250,235 (-2.8%)

Semi-Detached = $903,658 (+11.5%)

Townhouse = $649,294 (-2.4%)

Condo Apartment = $532,700 (+14.1%)

And here’s TREB’s official market report for the month of December 2017 (and an overview of the year in general):

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 92,394 sales through TREB’s MLS® System in 2017.

This total was down 18.3 per cent compared to the record set in 2016.

Record sales in Q1 were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan (FHP) was announced.

The pace of sales picked up in Q4, as the impact of the FHP started to wane, and some buyers arguably brought forward their home purchase in response to the new OSFI stress test guidelines effective January 1, 2018.

There’s a misconception out there that open houses are not worth doing.

A lot of realtors think they’re a waste of time. And a lot of sellers assume that the only people who come to open house are nosy neighbours and tire kickers.

Some people think that open houses do nothing more than benefit the listing agent, who uses them to try and capture new buyer leads.

In my opinion though, open houses are definiely worth doing and should be an important part of any home’s marketing strategy.

In fact, an open house can potentially benefit all of the parties invloved in the buying/selling process.

How does the seller benefit?

The seller benefits from the added exposure the property gets. Open houses allow any number of potential buyers to view the property who were not able to book a private showing during the week. Yes, this includes nosy neighbors and tire kickers, but that’s to be expected.

The average sale price for the month was $780,104, up 2.3% over October 2016.

Here’s a breakdown of the average sale prices & year-over-year increases for the 416 area code:

Detached = $1,287,765 (-1.1%)

Semi-Detached = $948,309 (+5.2%)

Townhouse = $742,845 (+8.0%)

Condo Apartment = $555,004 (+20.9%)

And here’s TREB’s official market report for the month October 2017:

Toronto Real Estate Board President Tim Syrianos reported 7,118 residential sales through TREB’s MLS® System in October 2017. This result represented an above-average increase between September and October of almost 12 per cent, pointing to stronger fall market conditions.

On a year-over-year basis, October sales were down compared to 9,715 transactions in September 2016. Total sales reported through the first 10 months of 2017 amounted to 80,198 – down from 99,233 for the same time period in 2016.

This stunning 2 bedroom townhouse has 3 bathrooms and has been renovated from top to bottom. Walk out from sliding glass doors to your beautiful patio oasis to entertain… or take a short stroll to be entertained!

What are our favourite features?

The freestanding soaker tub is pure luxury. And with the traffic in Toronto these days, having a short walk to literally everything you need doesn’t hurt!

More Features:

Modern kitchen with island range hood

Wide plank oak hardwood flooring

Floating staircase

Heated basement & bathroom floors

Walk-in closet in master bedroom

Beautiful light fixtures & window coverings

Price: $1,700,000

Taxes: $5,256.11/2017

Lot Size: 15.9 x 60 feet

Would you like a private tour of this home? Give us a shout and we’ll make it happen!